{"id":21909,"date":"2017-07-11T09:59:56","date_gmt":"2017-07-11T04:29:56","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=21909"},"modified":"2017-07-11T09:59:56","modified_gmt":"2017-07-11T04:29:56","slug":"tuesday-11th-july-european-open-briefing","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/tuesday-11th-july-european-open-briefing\/","title":{"rendered":"Tuesday 11th July: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei up 0.40 %, Shanghai Composite gained 0.90 %, Hang Seng rose 1 %, ASX 200 lost 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1211 (-0.10%), Silver at $15.57 (-0.40%), WTI Oil at $44.50 (0.45%), Brent Oil at $47.10 (0.45%)\n\t<\/li>\n<li>\n\t\tRates: US 10 year yield at 2.38, UK 10 year yield at 1.28, German 10 year yield at 0.54\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAustralia NAB Business Confidence Jun: 9 (Rev Prev 8)\n\t<\/li>\n<li>\n\t\tAustralia NAB Business Conditions Jun: 12 (Rev Prev 11)\n\t<\/li>\n<li>\n\t\tJapan Money Stock M2 (Y\/Y) Jun: 3.90% (Est 3.90%, Prev 3.90%)\n\t<\/li>\n<li>\n\t\tJapan Money Stock M3 (Y\/Y) Jun: 3.30% (Est 3.40%, Prev 3.40%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.7983 (Prev 6.7964)\n\t<\/li>\n<li>\n\t\tFed&#39;s Williams: His Own View Is To Start Adjustment Of Balance Sheet In Next Few Months\n\t<\/li>\n<li>\n\t\tFed&#39;s Williams: Reasonable Vie To Expect One More Rate Hike This Year\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tMost major pairs consolidated overnight, amid a lack of major data releases and events. USDJPY is struggling with resistance at 114.30. However, the outlook for the Yen is negative, so further gains seem likely in the near-term. The next notable resistance lies at 115, followed by 115.50.&nbsp;\n<\/p>\n<p>\n\tThe Euro continues to consolidate around 1.14. It has lost some momentum, but is not showing any signs of weakness yet. Key resistance is noted at 1.1450. A break above would signal a rally to at least 1.16. In the short-term, the outlook for the Euro remains positive both from a fundamental and technical perspective.&nbsp;\n<\/p>\n<p>\n\tAUDUSD has recovered slightly, although resistance at 0.7630 has capped the topside so far. Should it break above it, the rally would likely extend to 0.77.\n<\/p>\n<p>\n\tMarkets should remain rather quiet today amid few important data releases. However, volatility will increase&nbsp;<span data-term=\"goog_184719438\" tabindex=\"0\">tomorrow<\/span>. Especially in CAD pairs as the Bank of Canada is deciding on interest rates.&nbsp;\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span data-term=\"goog_184719439\" tabindex=\"0\">09:00 BST<\/span>&nbsp;&#8211; Italian Industrial Production\n\t<\/li>\n<li>\n\t\t<span data-term=\"goog_184719440\" tabindex=\"0\">15:00 BST<\/span>&nbsp;&#8211; US JOLTs Job Openings\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei up 0.40 %, Shanghai Composite gained 0.90 %, Hang Seng rose 1 %, ASX 200 lost 0.10 % Commodities: Gold at $1211 (-0.10%), Silver at $15.57 (-0.40%), WTI Oil at $44.50 (0.45%), Brent Oil at $47.10 (0.45%) Rates: US 10 year yield at 2.38, UK 10 year yield at &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/tuesday-11th-july-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 11th July: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":12469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=21909"}],"version-history":[{"count":1,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21909\/revisions"}],"predecessor-version":[{"id":21910,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/21909\/revisions\/21910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=21909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=21909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=21909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}